Two years ago, my dad was laid off from his job at an investment firm in a rather unceremonious fashion.
My dad, who never troubled us with anything, naturally kept mum about the news. It was not until the inevitable happened- when he’d pack his belongings in a small, cardboard box, that he told the family about his retrenchment.
Retrenchment is a painful and personal process for the employee, especially on an emotional and psychological front.
While Singapore’s retrenchment numbers in recent years remain relatively low, looming recession, as well as high-profile retrenchment cases are unsettling. Singapore Press Holdings (SPH) recently laid off 5% of its staff, and travel retailer DFS Group has retrenched 60 of its workers.
Source: MSN.comWhile layoffs are part and parcel of businesses, not all firms let workers go with dignity.
TODAY reported how travel retailer DFS Group told workers on the
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